Introduction to Local Government Finance

New to local government or stepping into a leadership role? This self-paced course provides a practical, high-level introduction to the financial foundations of local government in British Columbia. Designed to be completed in about one day, it offers flexibility to move through each section at your own pace.

Participants will explore the full annual financial cycle—from budgeting and taxation to reporting and audit—while gaining insight into the statutory responsibilities of the Financial Officer under the Community Charter and Local Government Act. Whether you’re a CFO, manager, or supporting council or board decisions, this course equips you with the context and confidence needed to engage with financial processes and policies.

You’ll learn how to:

• Understand the year-round financial cycle and key reporting deadlines

• Identify the core statutory and operational responsibilities of the Financial Officer

• Understand major sources and uses of funds - such as taxation, reserves, fees, grants, and debt

• Navigate core legislation that governs financial processes in BC local governments

• Grasp the fundamentals of property taxation, including assessment, tax rate setting, and exemptions

• Navigate the financial planning process, including the development and use of the Five-Year Financial Plan

• Recognize the basics of local government accounting, including PSAB requirements and financial statements

• Develop a foundational understanding of local government structure, legislative authority, and the framework within which decisions and operations occur.

This course is ideal for managers, administrators, and professionals new to local government finance—and serves as an excellent starting point before diving into more specialized courses.